UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 4)
KOOR INDUSTRIES LTD.
(Name of Issuer)
ORDINARY SHARES, PAR VALUE NIS 0.001
(Title of Class of Securities)
500507108(1)
(CUSIP Number)
DISCOUNT INVESTMENT CORPORATION LTD.
THE TRIANGULAR TOWER, 44TH FLOOR
3 AZRIELI CENTER, TEL AVIV 67023
ISRAEL
ATTN: KURT KEREN, ADV.
TELEPHONE #: +972-3-607-5888
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
OCTOBER 3, 2006
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: [_]
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
----------
(1) The CUSIP Number corresponds to the Issuer's American Depository Shares
(individually, an "ADS"), which are publicly traded on the New York Stock
Exchange. Each ADS represents 0.20 Ordinary Share. The ISIN for the Issuer's
Ordinary Shares, which are traded on the Tel Aviv Stock Exchange, is
IL006490127.
Page 1 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Discount Investment Corporation Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 5,971,033
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
5,971,033
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,971,033
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.2%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Page 2 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IDB Development Corporation Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 7,602,047 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
7,602,047 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,602,047 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.1%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
* Includes (i) 5,971,033 Ordinary Shares held by DIC and (ii) 800 Ordinary
Shares held by a subsidiary of Clal Insurance Enterprises Holdings Ltd.
("CIEH"), a subsidiary of IDB Development, for its own account. Does not include
(i) 572,172 Ordinary Shares and (ii) options to purchase 126,616 Ordinary
Shares, which are exercisable within 60 days of October 3, 2006, all of which
are held for members of the public through, among others, provident funds,
mutual funds, pension funds and insurance policies, which are managed by
companies controlled by CIEH (the "CIEH Shares"). See also Item 5.
^ Excludes the CIEH Shares.
Page 3 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IDB Holding Corporation Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 7,602,047 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
7,602,047 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,602,047 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.1%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
* Includes (i) 5,971,033 Ordinary Shares held by DIC and (ii) 800 Ordinary
Shares held by a subsidiary of CIEH for its own account. Does not include the
CIEH Shares. See also Item 5.
^ Excludes the CIEH Shares.
Page 4 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nochi Dankner
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 7,602,047 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
7,602,047 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,602,047 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.1%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 5,971,033 Ordinary Shares held by DIC and (ii) 800 Ordinary
Shares held by a subsidiary of CIEH for its own account. Does not include the
CIEH Shares. See also Item 5.
^ Excludes the CIEH Shares.
Page 5 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shelly Bergman
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 7,602,047 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
7,602,047 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,602,047 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.1%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 5,971,033 Ordinary Shares held by DIC and (ii) 800 Ordinary
Shares held by a subsidiary of CIEH for its own account. Does not include the
CIEH Shares. See also Item 5.
^ Excludes the CIEH Shares.
Page 6 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ruth Manor
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 7,602,047 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
7,602,047 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,602,047 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.1%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 5,971,033 Ordinary Shares held by DIC and (ii) 800 Ordinary
Shares held by a subsidiary of CIEH for its own account. Does not include the
CIEH Shares. See also Item 5.
^ Excludes the CIEH Shares.
Page 7 of 15 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Avraham Livnat
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(D) OR 2(E) [_]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
7) SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------
SHARES 8) SHARED VOTING POWER
BENEFICIALLY 7,602,047 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
7,602,047 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,602,047 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
46.1%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 5,971,033 Ordinary Shares held by DIC and (ii) 800 Ordinary
Shares held by a subsidiary of CIEH for its own account. Does not include the
CIEH Shares. See also Item 5.
^ Excludes the CIEH Shares.
Page 8 of 15 pages
This amendment No. 4 amends and supplements the Statement on Schedule 13D
in respect of the Ordinary Shares, par value NIS 0.001 each ("Ordinary Shares"),
of Koor Industries Ltd. (the "Issuer"), initially filed by IDB Development
Corporation Ltd., IDB Holding Corporation Ltd., Mr. Nochi Dankner, Mrs. Shelly
Bergman, Mrs. Ruth Manor and Mr. Avraham Livnat (collectively, the "Initial
Reporting Persons"), with the Securities and Exchange Commission on June 6, 2005
(as amended from time to time, the "Statement"). The Initial Reporting Persons
together with Discount Investment Corporation Ltd. ("DIC") are hereinafter
referred to as the "Reporting Persons."
Capitalized terms used herein but not otherwise defined herein shall have
the meanings ascribed to such terms in the Statement.
The following amends and supplements Items 2, 3, 4, 5 and 7 of the
Statement.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c)
As of October 3, 2006:
IDB Development owned approximately 74% of the outstanding shares of DIC.
The name, citizenship, residence or business address and present principal
occupation of the directors and executive officers of DIC, IDB Development and
IDB Holding are as set forth in Schedules A, B and C, respectively, attached
hereto and incorporated herein by reference.
(d) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer of DIC, IDB Development and IDB
Holding referred to above, has, during the last five years, been convicted in
any criminal proceeding, excluding traffic violations and similar misdemeanors.
(e) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer of DIC, IDB Development and IDB
Holding referred to above, has, during the last five years, been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
which as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or state securities laws or finding any violation
with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On October 3, 2006 DIC purchased 890,000 Ordinary Shares for a total purchase
price of NIS 214,490,000 (approximately $49,951,095) in cash, using its own
funds to pay such total purchase price.
ITEM 4. PURPOSE OF TRANSACTION.
The 890,000 Ordinary Shares were purchased by DIC pursuant to a tender offer
commenced by DIC on August 30, 2006 to purchase up to 890,000 Ordinary Shares
(including Ordinary Shares represented by American Depositary Shares, each of
which represents 0.20 of an Ordinary Share) on the terms and subject to the
conditions set forth in the Offer to Purchase dated August 30, 2006, as amended,
filed with the Securities and Exchange Commission (the "Tender Offer"). These
Ordinary Shares were purchased for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a), (b) Percentages are based on 16,487,953 Ordinary Shares outstanding as
of October 3, 2006 (excluding 15,799 Ordinary Shares owned by a wholly owned
subsidiary of the Issuer), as the Issuer advised the Reporting Persons.
As of October 3, 2006:
DIC directly owns 5,971,033 Ordinary Shares, and may be deemed to share the
power to vote and dispose of these Ordinary Shares, constituting approximately
36.2% of the Ordinary Shares outstanding. The 5,971,033 Ordinary Shares do not
include 672,174 Ordinary Shares which DIC may be required to purchase pursuant
to Anfield's put option described in Item 4 of amendment No. 2 of the Statement,
and up to 485,195 Ordinary Shares which DIC may be required to purchase pursuant
to the Management Option described in Item 4 of amendment No. 1 of the
Statement.
Page 9 of 15 pages
IDB Development directly owns 1,630,214 Ordinary Shares, and may be deemed
to share the power to vote and dispose of these Ordinary Shares, constituting
approximately 9.9% of the Ordinary Shares outstanding. IDB Development may also
be deemed to be the beneficial owner, and to share the power to vote and
dispose, of the 5,971,033 Ordinary Shares owned by DIC, and the 800 Ordinary
Shares held by a subsidiary of CIEH for its own account. As a result, IDB
Development may be deemed to be the beneficial owner, and to share the power to
vote and dispose, of a total of 7,602,047 Ordinary Shares in the aggregate,
constituting approximately 46.1% of the Ordinary Shares outstanding.
IDB Holding and the Reporting Persons who are natural persons may be deemed
to share the power to vote and dispose of the aggregate of 7,602,047 Ordinary
Shares beneficially owned by DIC and IDB Development, constituting approximately
46.1% of the Ordinary Shares then outstanding.
Information provided to the Reporting Persons indicates that the executive
officers and directors of DIC, IDB Development and IDB Holding did not
beneficially own as of October 3, 2006 any Ordinary Shares.
(c) On October 3, 2006 DIC purchased 890,000 Ordinary Shares at a price of
NIS 241 (approximately $56.12) per share pursuant to the Tender Offer. Except as
stated above, the Reporting Persons have not purchased or sold any Ordinary
Shares, and information provided to the Reporting Persons indicates that none of
the executive officers and directors of DIC, IDB Development and IDB Holding
purchased or sold any Ordinary Shares, during the period from the date of the
event which required the filing of the previous amendment of the Statement,
namely from August 30, 2006, through October 3, 2006.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Schedules A,
B and C: Name, citizenship, residence or business address and present
principal occupation of the directors and executive officers
of DIC, IDB Development and IDB Holding.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
amendment No. 4 is true, complete and correct.
Dated: October 5, 2006
DISCOUNT INVESTMENT CORPORATION LTD.
IDB DEVELOPMENT CORPORATION LTD.
IDB HOLDING CORPORATION LTD.
NOCHI DANKNER
SHELLY BERGMAN
RUTH MANOR
AVRAHAM LIVNAT
By: Discount Investment Corporation Ltd.
(signed)
By: _______________________________
Michel Dahan and Kurt Keren, authorized signatories of
Discount Investment Corporation Ltd., for itself and on
behalf of IDB Development Corporation Ltd., IDB Holding
Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor
and Avraham Livnat pursuant to agreements annexed as
Exhibits 4 through 9 to amendment No. 2 of the Statement.
Page 10 of 15 pages
Schedule A
Directors and Executive Officers
o f
DISCOUNT INVESTMENT CORPORATION LTD.
(as of October 3, 2006)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and
floor, Tel-Aviv 67023, Israel Clal Industries and Investments Ltd.; Director of
companies.
Zehava Dankner Director Member of the executive committee of the
64 Pinkas Street, Tel Aviv 62157, Israel Beautiful Israel Council.
Zvi Livnat Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Avi Fischer Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Lior Hannes Director Senior Executive Vice President of IDB
3 Azrieli Center, The Triangular Tower, 44th Development; Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd.
Taavura Junction, Ramle 72102, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Gideon Lahav Director Director of companies.
124 Ehad Ha-Am Street, Tel-Aviv 65208, Israel
Moshe Arad External Director Director of companies.
14 Shay Agnon Street, Jerusalem 92586, Israel
Gideon Dover External Director Chief Executive Officer and director of Dover
11 Hamaalot Street, Herzlia B 46583, Israel Medical and Scientific Equipment Ltd.
Page 11 of 15 pages
Isaac Manor (*) Director Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group.
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Adiel Rosenfeld Director Representative in Israel of the Aktiva group.
42 Ha'Alon Street, Timrat 23840, Israel
Ami Erel President and Chief President and Chief Executive Officer of DIC.
3 Azrieli Center, The Triangular Tower, 44th Executive Officer
floor, Tel-Aviv 67023, Israel
Oren Lieder Senior Vice Senior Vice President and Chief Financial Officer
3 Azrieli Center, The Triangular Tower, 44th President and Chief of DIC.
floor, Tel-Aviv 67023, Israel Financial Officer
Raanan Cohen Vice President Vice President of DIC; Chief Executive Officer of
3 Azrieli Center, The Triangular Tower, 44th Koor Industries Ltd.
floor, Tel-Aviv 67023, Israel
Ari Bronshtein Vice President Vice President of DIC.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Michel Dahan Vice President and Vice President and Comptroller of DIC.
3 Azrieli Center, The Triangular Tower, 44th Comptroller
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France
======================================================================
Schedule B
Directors and Executive Officers
of
IDB DEVELOPMENT CORPORATION LTD.
(as of October 3, 2006)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and Clal
floor, Tel-Aviv 67023, Israel Industries and Investments Ltd.; Director of
companies.
Zehava Dankner Director Member of the executive committee of the Beautiful
64 Pinkas Street, Tel Aviv 62157, Israel Israel Council.
Avi Fischer Deputy Chairman of Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd.
Zvi Livnat Deputy Chairman of Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd.
Page 12 of 15 pages
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shay Livnat Director President of Zoe Holdings Ltd.
26 Shalva Street,
Herzlia Pituach 46705, Israel
Eliahu Cohen Director and Chief Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower 44th Executive Officer
floor, Tel-Aviv 67023, Israel
Isaac Manor (*) Director Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group.
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Abraham Ben Joseph Director Director of companies.
87 Haim Levanon Street,
Tel-Aviv 69345, Israel
Amos Malka External Director Chairman of Albar Mimunit Services Ltd.
18 Nahal Soreq Street, Modi'in 71700, Israel
Rami (Avraham) Mardor External Director Director of companies.
33 Haoranim Street,
Kfar Shmariyahu 46910, Israel
Irit Izakson Director Director of companies.
15 Great Matityahou Cohen Street, Tel-Aviv
62268, Israel
Lior Hannes Senior Executive Senior Executive Vice President of IDB
3 Azrieli Center, The Triangular Tower, 44th Vice President Development; Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Dr. Eyal Solganik Executive Vice Executive Vice President and Chief Financial
3 Azrieli Center, The Triangular Tower, 44th President and Chief Officer of IDB Development; Chief Financial
floor, Tel-Aviv 67023, Israel Financial Officer Officer of IDB Holding.
Ari Raved Vice President Vice President of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Haim Gavrieli Vice President Vice President of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Haim Tabouch Vice President and Vice President and Comptroller of IDB Development;
3 Azrieli Center, The Triangular Tower, 44th Comptroller Comptroller of IDB Holding.
floor, Tel-Aviv 67023, Israel
Ruti Sapan Vice President, Vice President, Management Resources of IDB
3 Azrieli Center, The Triangular Tower, 44th Management Resources Development.
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
Page 13 of 15 pages
Schedule C
Directors and Executive Officers
of
IDB HOLDING CORPORATION LTD.
(as of October 3, 2006)
Citizenship is the same as country of address, unless otherwise noted.
Name & Address Position Current Principal Occupation
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and
floor, Tel-Aviv 67023, Israel and Chief Executive Clal Industries and Investments Ltd.; Director of
Officer companies.
Isaac Manor (*) Deputy Chairman of Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel the Board of of the David Lubinski Ltd. group.
Directors
Arie Mientkavich Vice Chairman of Deputy Chairman of Gazit-Globe Ltd.; Director of
14 Betzalel Street, the Board of Gazit-Globe Israel (Development) Ltd.
Jerusalem 94591, Israel Directors
Zehava Dankner Director Member of the executive committee of the
64 Pinkas Street, Tel Aviv 62157, Israel Beautiful Israel Council.
Lior Hannes Director Senior Executive Vice President of IDB
3 Azrieli Center, The Triangular Tower, 44th Development; Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd.
Taavura Junction, Ramle 72102, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Meir Rosenne Director Attorney.
8 Oppenheimer Street, Ramat Aviv,
Tel Aviv 69395, Israel
Shmuel Lachman External Director Information technology consultant
9A Khilat Jatomir Street,
Tel Aviv 69405, Israel
Zvi Dvoresky External Director Chief Executive Officer of Beit Kranot Trust Ltd.
12 Harofeh Street, Ahuza, Haifa 34366, Israel
Page 14 of 15 pages
Zvi Livnat Director and Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Executive Vice Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel President Officer of Clal Industries and Investments Ltd.
Avi Fischer Executive Vice Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th President Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Dr. Eyal Solganik Chief Financial Chief Financial Officer of IDB Holding; Executive
3 Azrieli Center, The Triangular Tower, 44th Officer Vice President and Chief Financial Officer of IDB
floor, Tel-Aviv 67023, Israel Development.
Haim Tabouch Comptroller Comptroller of IDB Holding; Vice President and
3 Azrieli Center, The Triangular Tower, 44th Comptroller of IDB Development.
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
Page 15 of 15 pages